XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,099.3 $ 1,082.5 $ 2,116.5 $ 2,111.1
Cost of goods sold 661.4 683.0 1,288.5 1,329.8
Gross profit 437.9 399.5 828.0 781.3
Selling, general and administrative expenses 165.1 165.1 350.3 338.4
Research and development expenses 24.8 25.9 48.9 50.8
Operating income 248.0 208.5 428.8 392.1
Other expense (income)        
Net interest expense 26.3 31.8 53.6 64.2
Other expense (income) 0.8 (4.8) 0.9 (4.1)
Income from continuing operations before income taxes 220.9 181.5 374.3 332.0
Provision for income taxes 34.8 27.3 54.7 49.3
Net income from continuing operations 186.1 154.2 319.6 282.7
Loss from discontinued operations, net of tax 0.0 (1.3) (0.2) (0.1)
Net income 186.1 152.9 319.4 282.6
Comprehensive income, net of tax        
Net income 186.1 152.9 319.4 282.6
Changes in cumulative translation adjustment (10.1) (2.2) (31.8) 9.9
Changes in market value of derivative financial instruments, net of tax 6.2 (0.3) 28.9 (7.5)
Comprehensive income $ 182.2 $ 150.4 $ 316.5 $ 285.0
Earnings (loss) Per Share, Basic        
Continuing operations (in dollars per share) $ 1.12 $ 0.94 $ 1.93 $ 1.71
Discontinued operations (in dollars per share) 0 (0.01) 0 0
Basic earnings per ordinary share (in dollars per share) 1.12 0.93 1.93 1.71
Earnings (loss) Per Share, Diluted        
Continuing operations (in dollars per share) 1.11 0.93 1.91 1.70
Discontinued operations (in dollars per share) 0 (0.01) 0 0
Diluted earnings per ordinary share (in dollars per share) $ 1.11 $ 0.92 $ 1.91 $ 1.70
Weighted average ordinary shares outstanding        
Basic (shares) 165.9 165.0 165.8 164.9
Diluted (shares) 167.3 166.1 167.3 165.9